Amsterdam-based WeTransfer, a provider of file-sharing services for the creative community, has raised $40 million in Series B funding. HPE Growth led the round with participation from return backer Highland Europe. Arma Partners was financial adviser to WeTransfer on the transaction.
Arma Partners is pleased to announce that it has acted as exclusive financial advisor to WeTransfer on its $40 million Series B capital raise led by HPE Growth with participation from existing investor Highland Europe.
Founded in 2009, WeTransfer is an Amsterdam-based provider of well-designed file sharing services for the creative community. WeTransfer’s tools help creative people without breaking their flow. In addition to launching mobile app Collect (4M monthly users), last year WeTransfer acquired immersive sketching tool Paper® (25M downloads) and collaborative presentation tool Paste® (40,000 active teams) and expanded its US presence from LA to New York City. The original file transfer product has driven WeTransfer’s growth to over 50M users, who send more than a billion files each month.
The transaction underlines Arma Partners’ focus on providing private capital funding solutions to both entrepreneurial and corporate clients through its growing Private & Growth Capital practice, utilising its strong connectivity across the full breadth of relevant investor categories globally. The transaction also highlights the firm’s deep sector expertise in digital media and excellent footprint in the Benelux countries.
Further details on the transaction can be found at: www.armapartners.com/deals
About Arma Partners
Established in 2003, Arma Partners provides independent corporate finance advice to the global Communications, Media & Technology sector, operating from offices in London, Munich, New York and Palo Alto and through affiliates in Istanbul, São Paulo, Sydney, Tel Aviv and Tokyo. www.armapartners.com